Mergers and Acquisitions — When Sweet Turns to Sour

“Will this go into the third and fourth quarter this year is the real question,” Cronin concludes. “A lot of these transactions started before some of the serious questions came up about the credit crunch. With theses issues and the M&A situations, people are looking for a better buy, like when they’re looking for foreclosures in houses. People are always buying and selling, and somehow there will be a level reached where everybody will find it to be an acceptable risk.”PI